港燈電力投資 - PDF Free Download

2016

2 3 6 8 16 24 26 27 29 31 38 55 58 61 67 68 69 70 71 72 127 129 130 131 132 133 137 138 139 140 141 142 143

2016 2015 114.20 112.10 35.38 35.38 40.04 40.04 19.92 19.92 20.12 20.12 1,083.50 1,137.15 44% 46% A-/ A-/ A-/ A-/ > 99.999% 575,000 6,289 10,792 3,737 2

(L10) (L11) 2030+ 2016 3

L10 L11 L10 L11 L11 99.999% 4

Randstad (COP 21) 2016 5

(L10) (L11) Randstad (Top 10 Most Attractive Employers) 40 50 6

13 2 2016 2016 7

20162020 50% 2020 50% L10 L10 66% 2016 34% (COP 21) L11 2016 9

99.999% 2016 11

2016 13

LED ISO 14001 2015 14

2013-2017 160 134.9 140 134.9 134.9 133.4 120 110.4 100 80 60 40 20 0 2013 2014 2015 2016 2017 L10 L11 L10 2016 15

Randstad 2015/16 2016 17

2016 14.4% 3.9% 24.9% 17.1% 26.0% 13.7% 18

20 20 18.2 18 15.36 16 14 12 10.05 10 8 6 4 1.75 2 0.35 0.15 0.25 0.2 0 2013 2014 2015 2016 OHSAS 18001 2007 2016 19

5S 20

2016: 5,647 2,400 2,026 1,043 178 1 2016 21

2016 4R 22

2016 2016 G4 Vigeo 120 2016 23

21 5 Plus 2015/16 2015/16 2016 2016 ARC 2015 2015 2016 100 2015-16 ERB (2016-18) 2016 2016 2016/17 2015/16 20 2016 2016 2015 2016 2016 2016 2016 24

19 9 2016 2016 2015 24 2015 2016-17 Like 2016 28 14 2015-16 2016-17 2016 1 2016 25

長遠發展策略一直以來我們積極支持香港的經濟發展為客戶提供安全可靠及價格合理的電力服務之餘致力減低營運保持資產基礎穩定增長對環境的影響同時務求為投資者帶來可持續增長的長集團在發電輸電及配電設施方面秉持務實而長線的投遠價值資策略所有支出均以維持供電可靠度及提升發電效能和客戶服務為目標同時把碳排放降至最低這些投資為實現在香港成為傑出能源企業的願景並貫徹重視有有助集團保持穩定的資產增長從而為長線投資者帶來效率的營運及可持續發展的優良傳統集團以下列長遠穩定及持續增長的回報策略作為指導方針為香港提供世界級供電服務貫徹審慎理財方針和重效率的原則集團恪守審慎理財的方針保持充裕的流動資金以達至可靠的供電服務對香港經濟的成功發展至為重要集團理想的資本結構集團還致力提升營運效率和效益的首要目標是維持世界級的供電可靠度同時致力提供並嚴格控制營運成本包括燃料成本憑藉這些理財方卓越的客戶服務我們為締造香港美好未來作出投資針集團不但能為投資者帶來持續不斷的回報並同時包括逐步提升綠色能源所佔的發電比例並採用包括可以合理的價格為客戶提供電力再生能源在內的環保設備和技術來減少碳排放致力保護環境 26 港燈電力投資

2016 27

29 28

55 57 2016 29

XV Quickview Limited Hutchison Telecommunications (Australia) LimitedHTAL Hutchison Port Holdings Management Pte. Limited HPHMPL HPHMPL XV XV Quickview Limited Powercor Australia Limited CitiPower Pty. 2016 31

XV 32

Li Ka Shing (Canada) Foundation XV Fahad Hamad A H AL-MOHANNADI Al-Mohannadi Al-Mohannadi Qatar Electricity & Water Co.QEWC Al-Mohannadi QEWC QEWC Al-Mohannadi Ministry of Electricity and Water Al-Mohannadi Qatar Power Company Ras Laffan Power Company Nebras Power Q.S.C. Umm Al Houl Power Co. Siraj Solar Energy Qatar Science & Technology Park Al-Mohannadi XV XV 2016 33

XV Deven Arvind KARNIK Karnik Karnik Qatar Investment AuthorityQIA QIA Karnik Karnik Heathrow Airport Holdings Limited Karnik XV China Properties Group Limited 34

XV XV XV XV HTAL TOM TOM XV 2016 35

TOM HTAL HTAL HPHMPL HPHMPL XV 36

2016 37

(a) (b) (c) 39 38

100% 100% 100% 100% 100% 2016 39

31 37 40

4/4 1/1 2/2 4/4 2/2 4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 4/4 2/2 4/4 2/2 Fahad Hamad A H Al-Mohannadi 4/4 2/2 4/4 2/2 3/4 3/3 2/2 3/4 3/3 2/2 4/4 2/2 4/4 2/2 4/4 2/2 4/4 2/2 Deven Arvind Karnik 4/4 2/2 4/4 2/2 4/4 1/1 2/2 4/4 2/2 4/4 2/2 4/4 2/2 4/4 3/3 2/2 4/4 3/3 2/2 4/4 2/2 4/4 2/2 4/4 2/3 1/1 2/2 4/4 2/3 2/2 4/4 2/2 4/4 2/2 2016 41

A.5 0 2 4 6 8 10 12 14 16 18 40-49 50-59 60-69 70 42

29.2(m) 16.21 A.4.2 1. 2. 3. 1 2 3 Fahad Hamad A H Al-Mohannadi Deven Arvind Karnik 2016 43

3.13 XV XV 7 8 2016 45

7,870,000 1 2,000,000 2 74,000 3 0.08% 0.02% 0% 502 0% (1) (a) 2,700,000 Lankford Profits Limited (b) 5,170,000 (2) (3) XV 46

89 11 90 11 B.1 2016 47

48 27 30

2016 49

61 66 127 128 87 9 135 4 www.hkei.hk 141 5% 5% 2016 51

(88.7422%) www.hkei.hk (99.9998%) (98.9816%) (99.8378%) Fahad Hamad A H Al-Mohannadi (99.3043%) (99.6883%) Deven Arvind Karnik (99.6748%) (99.8815%) (99.9878%) 19.92 20.12 52

XV 2 3 2,948,966,418 1 33.37% Hyford Limited 2,948,966,418 1 2 33.37% Cheung Kong Infrastructure (BVI) Limited 2,948,966,418 2 33.37% 2,948,966,418 2 33.37% Hutchison Infrastructure Holdings Limited 2,948,966,418 3 33.37% Hutchison International Limited 2,948,966,418 3 33.37% 2,948,966,418 3 33.37% 2,948,966,418 4 33.37% CK Hutchison Global Investments Limited 2,948,966,418 4 33.37% 2,948,966,418 4 33.37% 1,855,602,000 5 21.00% 1,855,602,000 5 21.00% 1,855,602,000 5 21.00% Qatar Investment Authority 1,758,403,800 19.90% (1) Quickview Limited 2,948,966,418 Hyford Limited Hyford Limited 2,948,966,418 2,948,966,418 (2) Cheung Kong Infrastructure (BVI) Limited Cheung Kong Infrastructure (BVI) Limited Hyford Limited (1) 2,948,966,418 (3) HKEI (3) Hutchison Infrastructure Holdings LimitedHIHHutchison International Limited HIH Hutchison International Limited (2) 2,948,966,418 (4) CK Hutchison Global Investments Limited CK Hutchison Global Investments Limited (3) 2,948,966,418 (5) 1,855,602,000 1,855,602,000 2016 53

(ii) (iii) 2.6 90 (i) (ii) (iii) (i) (ii) (1) (2) 30% 30% (i) 54

2016 12 31 114.20 2015 112.10 35.99 2015 35.91 20.12 2015 20.12 20.12 2015 20.12 19.92 2015 19.92 2016 12 31 40.04 2015 40.04 2016 2015 3,599 3,591 (i) (a) 4,520 4,532 (ii) 1,805 1,652 206 52 26 18 (1,154) (918) 883 804 (iii) (2,760) (2,237) (iv) (7,504) (779) (1,105) (937) (8,609) (1,716) (v) (1,436) (2,367) 3,538 (vi) 14.1(c) 5,905 3,538 3,538 1,760 1,760 1,778 1,778 3,538 3,538 (c) 19.92 19.92 20.12 20.12 40.04 40.04 14.1(c) 2016 12 31 2016 55

(a) 1.1 (i)(ii) (iii) (iv) (v) (vi) (vii) (viii) (b) (i) (ii) (c) 17.60 2015 17.60 2016 6 30 8,836,200,000 2015 6 30 8,836,200,000 19.92 2015 19.92 17.78 2015 17.78 2016 12 31 8,836,200,000 2015 12 31 8,836,200,000 20.12 2015 20.12 27.99 2015 25.16 2016 12 31 396.79 2015 472.17 2016 12 31 40 2015 10 3.16 2015 61.57 2016 2 23 2015 9 2014 1 A- 2016 7.5 10 30.25 12 30 5 217 2017 2 2016 12 31 0% 50% 100% 100% 2016 2016 12 31 393.63 2015 410.60 44% 2015 46% 100% 100% 2015 2014 56

0% 50% 100% 47% 53% 2016 73% 27% 2015 77% 23% 2014 2016 12 31 80% 0% 50% 100% 1% 62% 37% 2016 2016 12 31 653.67 2015 542.67 2% 86% 12% 1% 81% 18% 2015 2014 2016 12 31 2015 0% 50% 100% 2016 12 31 2015 78% 22% 2016 93% 7% 2015 91% 9% 2014 2016 12 31 11.13 2015 10.74 2016 12 31 1,790 2015 1,800 2016 57

17 67 126 129 136 13 3 5 8 23 55 57 2 27 30 8 23 29 30 38 54 20.12 20.12 19.92 19.92 40.04 40.04 19.92 19.92 20.12 20.12 58

27(b) 8 100 100 137 30% 25.0% 33.8% 70.0% 66.6% Fahad Hamad A H Al-Mohannadi Deven Arvind Karnik 5% 2016 59

67 126 2 2016 12 31 2016 12 31 2016 61

15 3(e) (f) (g) (ii) 9.99 11.00% 2016 12 31 2016 12 31 62

16 3(d) (g) (ii) 2014 336 2016 11 30 2016 63

22 3(p)(ii) 2016 12 31 : 2016 12 31 2016 12 31 2016 12 31 2016 12 31 64

2016 65

10 8 2017 3 21 66

2016 12 31 2016 2015 5 11,420 11,210 (5,369) (5,189) 6,051 6,021 7 39 78 (918) (811) 5,172 5,288 8 (991) (1,025) 9 4,181 4,263 10 (1,145) (1,059) 388 309 (757) (750) 3,424 3,513 12(b) 175 78 3,599 3,591 14 40.73 40.64 72 126 2 13 2016 67

2016 12 31 2016 2015 3,599 3,591 81 (158) (13) 26 68 (132) 837 (167) 71 4 7 19 (151) 23 764 (121) 4,431 3,338 72 126 2 68

2016 12 31 2016 2015 64,432 64,521 6,281 6,472 15 70,713 70,993 16 33,623 33,623 24 1,034 314 25(a) 454 580 26(b) 6 105,824 105,516 18 985 882 19 1,225 1,160 20(a) 316 6,157 2,526 8,199 21 (2,735) (2,586) 22 (4,088) (2,283) 23 (335) (900) 26(a) (351) (360) (7,509) (6,129) (4,983) 2,070 100,841 107,586 23 (39,344) (46,317) 24 (73) (207) (2,057) (2,001) 26(b) (9,017) (9,247) 25(a) (406) (587) (50,897) (58,359) 12(c) (39) (215) 49,905 49,012 27(b) 8 8 49,897 49,004 49,905 49,012 2017 3 21 72 126 2 2016 69

2016 12 31 27(b) 27(c) 27(d)(i) 27(d)(ii) 13 2015 1 1 8 47,472 (70) 24 1,757 49,191 2015 3,591 3,591 (121) (132) (253) (121) 3,459 3,338 13(c) (1,757) (1,757) 13(b) (1,760) (1,760) 13(b) (1,778) 1,778 2015 12 31 2016 1 1 8 47,472 (191) (55) 1,778 49,012 2016 3,599 3,599 764 68 832 764 3,667 4,431 13(c) (1,778) (1,778) 13(b) (1,760) (1,760) 13(b) (1,778) 1,778 2016 12 31 8 47,472 573 74 1,778 49,905 72 126 2 70

2016 12 31 2016 2015 20(b) 10,162 9,852 (1,008) (919) 18 49 (1,154) (918) 8,018 8,064 (2,760) (2,237) (115) (67) 1 180 1,214 (2,694) (1,090) 18,985 (34,432) (2,846) 8,843 2,567 (900) (500) 298 283 (242) (219) (3,538) (3,517) (10,986) (4,232) (5,662) 2,742 1 1 5,977 3,236 1 (1) 12 31 20(a) 316 5,977 72 126 2 2016 71

1. 2013 9 23 2011 44 2014 1 1 (1) (2) (3) 2. 2016 12 31 2016 12 31 2016 12 31 72

3. (a) 4 (b) 34 2016 73

3. (c) 3(g)(ii) (d) (i) (ii) (ii) (i) 3(g)(ii) 74

(e) (i) 3(e)(viii) 3(g)(ii) (ii) 3(g)(ii) (iii) 3(l) (iv) (v) (vi) 3(e)(vii) 3(g)(ii) (vii) 2016 75

3. (e) (viii) 100 60 60 60 35 30 30 25 20 15 10 5 10 5 6 5 (f) 76

3(e)(viii) 3(g)(ii) (g) (i) 2016 77

3. (g) (ii) 78

(iii) 34 3(g)(i) 3(g) (ii) (h) (i) (i) 2016 79

3. (i) (ii) (j) (k) 3(g)(i) (l) 3(o)(i) 3(o)(i) 80

(m) 3(u) (n) 3(o) (o) (i) (ii) 2016 81

3. (p) (i) 2014 1 1 2018 12 31 2014 2018 (ii) 82

(iii) (q) (r) (s) 2016 83

3. (s) (t) (u) (i) (ii) 84

(v) (i) (a) (b) (c) (ii) (a) (b) (c) (d) (e) (f) 3(v)(i) (g) 3(v)(i)(a) (h) (w) 2016 85

4. 1 16 38 2012-2014 5. 2016 2015 11,373 11,165 (6) (6) 53 51 11,420 11,210 6. 86

7. 2016 2015 12 46 27 32 39 78 8. 2016 2015 1,125 1,120 (118) (78) (16) (17) 991 1,025 2.6% 2015 2.1% 9. 2016 2015 2,683 2,600 191 193 3,138 3,728 11 6 652 635 74 77 5 4 2016 87

10. (a) 2016 2015 1,145 1,059 26(b) (388) (309) 757 750 2016 16.5% 2015 16.5% (b) 2016 2015 4,181 4,263 16.5% 2015 16.5% 690 703 71 57 (4) (10) 757 750 88

11. (6) 2016 2015 (2) 0.12 0.79 0.91 0.86 0.07 6.59 8.38 15.04 13.77 0.07 2.65 2.72 2.48 0.07 3.22 0.46 1.67 5.42 5.23 0.07 2.56 0.02 0.52 3.17 2.62 (5) 0.07 4.21 3.20 7.48 7.27 0.07 0.35 0.42 0.44 Fahad Hamad A H Al-Mohannadi 0.07 0.07 0.04 (1) 0.14 0.07 0.21 0.20 0.07 0.07 0.07 0.07 0.07 0.07 Deven Arvind Karnik 0.07 0.07 0.04 (2) 0.09 0.02 0.11 0.11 0.07 0.01 0.08 0.08 (1) 0.14 0.02 0.16 0.16 0.07 0.03 0.10 0.10 (1) (2) 0.16 0.02 0.18 0.18 0.07 0.03 0.10 0.02 (3) 0.08 0.08 0.08 (4) 0.03 0.03 0.03 2016 1.56 20.68 0.48 13.77 36.49 2015 1.45 19.00 0.79 12.61 33.85 2016 89

11. (1) (2) (3) (4) (5) 2017 1 17 (6) 3 2015 3 2 2015 2 2016 2015 8.51 8.58 0.72 0.60 9.23 9.18 2016 2015 2,500,001 3,000,000 3 4 3,000,001 3,500,000 2 2 3,500,001 4,000,000 1 4,000,001 4,500,000 1 4,500,001 5,000,000 1 2 2016 2015 61 57 3 3 64 60 2016 2015 12 31 90

12. (a) 3(p)(i) 2013 2014 6 2013 1 1 2017 12 31 2014 1 1 2018 12 31 (b) 2016 2015 (181) (84) 1 1 5 5 (175) (78) 499 2016 2015 495.2 2016 91

13. (a) 2016 2015 3,599 3,591 (i) 1 4,520 4,532 (ii) 1,805 1,652 206 52 26 18 (1,154) (918) 883 804 (iii) (2,760) (2,237) (iv) (7,504) (779) (1,105) (937) (8,609) (1,716) (v) (1,436) (2,367) 3,538 (vi) 14.1(c) 4 5,905 3,538 3,538 1 1.1 (i) (ii) (iii) (iv) (v) (vi) (vii) (viii) 2 100% 3 4 14.1(c) 2016 12 31 2016 93

13. (b) 2016 2015 19.92 2015 19.92 1,760 1,760 20.12 2015 20.12 1,778 1,778 3,538 3,538 2016 12 31 20.12 2015 20.12 17.78 2015 17.78 2016 12 31 20.12 2015 20.12 17.78 2015 17.78 2016 12 31 8,836,200,000 2015 8,836,200,000) (c) 2016 2015 20.12 2015 19.89 1,778 1,757 14. 35.99 2015 35.91 8,836,200,000 2015 8,836,200,000 94

15. 2015 1 1 16,509 47,366 393 3,059 67,327 6,844 74,171 6 578 88 1,844 2,516 2,516 37 1,016 41 (1,094) (5) (308) (15) (328) (328) 2015 12 31 2016 1 1 16,547 48,652 507 3,809 69,515 6,844 76,359 18 403 82 2,296 2,799 2,799 68 1,324 27 (1,419) (2) (353) (38) (393) (393) 2016 12 31 16,631 50,026 578 4,686 71,921 6,844 78,765 2015 1 1 466 1,979 80 2,525 179 2,704 (2) (217) (15) (234) (234) 510 2,114 79 2,703 193 2,896 2015 12 31 2016 1 1 974 3,876 144 4,994 372 5,366 (1) (257) (38) (296) (296) 511 2,193 87 2,791 191 2,982 2016 12 31 1,484 5,812 193 7,489 563 8,052 2016 12 31 15,147 44,214 385 4,686 64,432 6,281 70,713 2015 12 31 15,573 44,776 363 3,809 64,521 6,472 70,993 1.182015 7,800 1.08 2015 1.03 2016 95

16. (a) 2016 2015 1 1 12 31 33,623 33,623 (b) 10 5 6.44% 2015 6.31%10 0.5% 2015 0.5% 2016 11 30 6.88% 2015 6.89% 2016 11 30 96

17. 2016 12 31 Century Rank Limited 1 100% Treasure Business Limited 1 100% (1) 2,411,600,000 100% (1) Hongkong Electric Finance Limited 1 66.35 15 10.56 2.5 23 100% (1) (1) 18. 2016 2015 624 525 361 357 985 882 1.97 2015 2.05 2016 97

19. 2016 2015 (a) 647 678 499 463 1,146 1,141 24 16 2 63 17 1,225 1,160 4.16 2015 4.08 (a) 2016 2015 1 588 625 1 3 37 36 3 12 22 17 647 678 16 5% 28(a) (b) 2016 12 31 158.9 2015 136.4 98

20. (a) 2016 2015 3 3 250 5,712 66 265 316 5,977 3 180 316 6,157 (b) 2016 2015 4,181 4,263 7 (12) (46) 8 991 1,025 8 16 17 9 2,683 2,600 9 191 193 9 74 77 2 1 12(c) (1) (111) 43 13 (28) 1,805 1,652 304 37 26 18 10,162 9,852 2016 99

21. 2016 2015 2,717 2,557 24 18 29 2,735 2,586 2016 2015 1 813 700 1 3 445 529 3 12 1,459 1,328 2,717 2,557 22. 2016 1 1 27.9 2015 32.3 2016 2015 1 1 2,283 631 (1,206) (1,861) 3,011 3,513 12 31 4,088 2,283 3(p)(ii) 100

23. 2016 2015 18,628 34,057 (35) 18,593 34,057 (a) 6,588 4,486 (b) 656 633 7,244 5,119 (300) (900) 6,944 4,219 (a) 11,758 6,087 (b) 2,049 1,954 13,807 8,041 39,344 46,317 (a) 1.65% 4.00% 2015 1.65% 4.55% 2.875% 4.25% 2015 4.25% (b) 10.56 2015 10.56 3.5% 2015 3.5% 2.5 2015 2.5 4.6% 4.8% 2015 4.6% 4.8% 2020 10 20 (c) 17 (d) 28(b) 2016 2015 12 31 2016 101

23. (e) 2016 2015 1 2 34,357 2 5 24,931 6,417 5 14,413 5,543 39,344 46,317 24. 2016 2015 27 (46) (69) 682 (7) (88) 110 (34) 3 (67) 220 313 (5) (1) (1) 1,039 (88) 316 (230) 5 (3) (6) 6 11 (3) (6) 1,050 (91) 316 (236) 16 (18) 2 (29) 1,034 (73) 314 (207) 1,050 (91) 316 (236) 102

25. 25(b) (a) Willis Towers Watson 25(a)(viii) (FSA) 2016 12 31 2016 12 31 19 (2011) 2016 103

25. (a) (i) 2016 2015 3,798 3,948 (3,846) (3,941) (48) 7 (454) (580) 406 587 (48) 7 (ii) 2016 2015 1 1 3,948 3,976 81 80 66 78 16 16 (11) (37) (60) 111 56 (298) (276) 12 31 3,798 3,948 104

(iii) 2016 2015 1 1 3,941 4,145 61 78 66 (84) 60 62 16 16 (298) (276) 12 31 3,846 3,941 2017 6,100 (iv) 2016 2015 81 80 5 86 80 (v) 2016 2015 58 53 28 27 86 80 (vi) 2016 2015 1 1 (109) 49 81 (158) 12 31 (28) (109) 2016 105

25. (a) (vii) 2016 2015 354 353 194 197 565 500 190 134 2,500 2,638 43 119 3,846 3,941 (viii) 12 31 2016 2015 2.1% 2.1% 1.8% 1.4% 5.0% 5.0% 2.5% 2.5% 106

(ix) (a) 2016 2015 0.25% (57) (56) 0.25% 60 59 0.25% 56 54 0.25% (53) (51) (65) (64) 66 65 (b) 2016 2015 0.25% (36) (42) 0.25% 37 43 0.25% 36 42 2015 2016 107

25. (a) (x) 2016 2015 14.0 14.1 6.9 7.4 (b) 2016 2015 46 43 47.5 2015 164.8 26. (a) 2016 2015 1,145 1,059 (794) (699) 351 360 108

(b) 2016 2015 (6) 9,017 9,247 9,017 9,241 (i) 2015 1 1 9,754 (104) (35) (16) 9,599 (44) (273) 8 (309) (26) (23) (49) 2015 12 31 2016 1 1 9,710 (377) (53) (39) 9,241 (60) (298) (30) (388) 13 151 164 2016 12 31 9,650 (675) (70) 112 9,017 (ii) 2016 2015 12 31 2016 109

27. (a) 27(b) 27(c) 27(d)(i) 27(d)(ii) 13) 2015 1 1 8 47,472 (13) 430 1,757 49,654 2015 4,172 4,172 (16) (16) (16) 4,172 4,156 13(c) (1,757) (1,757) 13(b) (1,760) (1,760) 13(b) (1,778) 1,778 2015 12 31 2016 1 1 8 47,472 (29) 1,064 1,778 50,293 2016 4,173 4,173 27 27 27 4,173 4,200 13(c) (1,778) (1,778) 13(b) (1,760) (1,760) 13(b) (1,778) 1,778 2016 12 31 8 47,472 (2) 1,699 1,778 50,955 20.12 2015 20.12 17.78 2015 17.78 110

(b) 2016 0.0005 1 1 12 31 20,000,000,000 10,000,000 0.0005 1 1 12 31 20,000,000,000 10,000,000 0.0005 1 1 12 31 8,836,200,000 4,418,100 0.0005 1 1 12 31 8,836,200,000 4,418,100 2015 0.0005 1 1 12 31 20,000,000,000 10,000,000 0.0005 1 1 12 31 20,000,000,000 10,000,000 0.0005 1 1 12 31 8,836,200,000 4,418,100 0.0005 1 1 12 31 8,836,200,000 4,418,100 2016 111

27. (c) 34 (d) (i) 3(o)(ii) (ii) (e) 2016 2015 112

2016 2015 12 31 2016 2015 39,679 47,217 (316) (6,157) 39,363 41,060 49,905 49,012 39,363 41,060 89,268 90,072 44% 46% 28. (a) 2016 12 31 4.21 2015 4.45 19 30% 19 2016 113

28. (a) 2016 2015 28(e)(i) 252 (16) 236 313 (101) 212 28(e)(i) 682 (64) 618 28(e)(i) 116 (9) 107 3 (2) 1 1,050 (89) 961 316 (103) 213 28(e)(i) 46 (46) 74 (3) 71 28(e)(i) 10 (8) 2 94 (76) 18 28(e)(i) 35 (35) 68 (24) 44 91 (89) 2 236 (103) 133 114

(b) 2016 12 31 40 2015 10 2016 1 1 2 2 5 5 12 31 1,215 879 27,065 21,395 50,554 39,803 2,503 2,503 2,503 3,718 879 27,065 21,395 53,057 42,306 65 50 142 228 485 (657) 360 314 799 765 2,238 (441) (415) (997) (754) (2,607) 2,539 633 3,609 6,781 (2,535) (549) (3,763) (6,847) 2,019 2,019 (2,025) (2,025) (191) (75) (6) 2016 115

28. (b) 2015 1 1 2 2 5 5 12 31 1,721 34,913 7,221 10,966 54,821 47,295 2,413 2,413 2,413 4,134 34,913 7,221 10,966 57,234 49,708 179 35 214 117 (225) 360 166 352 878 (437) (269) (741) (1,447) 64 3,148 1,611 2,305 7,064 (3,143) (1,609) (2,438) (7,190) 1 88 88 (88) (88) (c) (i) 2016 12 31 270.62 2015 212.44 295 2015 258.72 116

3(o) 2016 12 31 2.52 2015 3.13 4,600 2015 7,400 2016 12 31 6.82 2015 1,000 2015 9,400 (ii) (i) 2016 2015 % % 1.00 250 0.69 5,892 2.58 (30,827) 2.25 (44,120) (30,577) (38,228) * 66 * 265 1.54 (8,852) 1.05 (3,097) * (2,057) * (2,001) (10,843) (4,833) * 0.01% (iii) 2016 12 31 100 7,300 2015 2,400 5.04 2015 3.42 2016 117

28. (c) (iii) 2015 (d) (i) 2016 12 31 1,800 2015 2,000 (ii) 2016 12 31 5,700 2015 4,500 118

(iii) 2016 2 1 (59) (297) (1,764) (1,821) (296) 119 83 1,652 (50) (213) 2015 2 (47) (1,895) (2,837) (2,884) (1,893) 102 1,183 2,736 (46) (710) 2016 119

28. (d) (iv) 10% 2016 2015 68 (2) 8 10% 2015 120

(e) 13 (i) 2016 2015 28(a) 252 313 28(a) 682 28(a) 116 3 1,050 316 28(a) 46 74 28(a) 10 94 28(a) 35 68 4,470 4,554 3,097 4,561 7,887 2016 121

28. (e) (ii) 2016 2015 12 31 (iii) 29. 12 31 2016 2015 4,140 2,248 10,638 9,588 122

30. 2016 12 31 2015 31. (a) 3,700 2015 3,700 2016 12 31 400 2015 400 (b) 14A 31(a) 14A 2016 123

32. 2016 2015 59,610 59,016 6 59,610 59,022 7 5 6 2 13 7 (24) (26) (11) (19) 59,599 59,003 (8,644) (8,671) (39) (8,644) (8,710) 50,955 50,293 27(a) 8 8 50,947 50,285 50,955 50,293 2017 3 21 124

33. Qatar Investment Authority 2016 12 31 33.37% 21.00% 19.90% 34. 25 28 (a) (b) 3(g)(ii) 2016 12 31 16 2016 125

35. 2016 12 31 2016 12 31 7 12 9 15 16 2017 1 1 2017 1 1 2018 1 1 2018 1 1 2019 1 1 9 9 39 9 9 39 15 15 15 18 11 16 16 126

129 136 2016 12 31 2016 12 31 2016 127

405 10 8 2017 3 21 128

2016 12 31 2016 2015 4 5 133 136 2016 129

2016 12 31 2016 2015 7 1 1 1 1 8 1 1 1 1 2017 3 21 133 136 130

2016 12 31 2015 1 1 1 1 2015 2015 12 31 2016 1 1 1 1 2016 2016 12 31 1 1 133 136 2016 131

2016 12 31 2016 2015 1 1 12 31 133 136 132

1. 2013 9 25 OTC Markets Group Inc. 44 2014 1 1 2. (a) 3 (b) 2016 133

2. (b) 100% 93 13 (c) (d) (i) (a) (b) (c) (ii) (a) (b) (c) (d) (e) (f) (g) (h) 2(d)(i) 2(d)(i)(a) 134

3. 4. 55,000 2015 55,000 466,223 2015 503,448 2015 5. 6. 7. 8. 2016 2015 1 1 12 31 1 1 1 1 135 2016 135

9. 10. 2016 12 31 Sure Grade Limited 11. 12. 13. 2016 12 31 2016 12 31 136

2016 2015 2014 11,420 11,210 10,504 5,172 5,288 5,027 (991) (1,025) (938) 4,181 4,263 4,089 (757) (750) (709) 3,424 3,513 3,380 175 78 (179) 3,599 3,591 3,201 2016 2015 2014 70,713 70,993 71,467 33,623 33,623 33,623 1,488 900 1,023 (4,983) 2,070 2,840 100,841 107,586 108,953 (50,897) (58,359) (59,469) (39) (215) (293) 49,905 49,012 49,191 8 8 8 49,897 49,004 49,183 49,905 49,012 49,191 1. 2014 1 29 Treasure Business Limited 2016 137

10 2009 1 1 5 9.99% 11% 2016 2,100 2015 2,400 8% 12 31 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 11,373 11,165 11,165 10,176 10,364 10,140 10,338 10,331 12,704 12,452 1,206 1,861 2,994 3,510 3,867 3,755 2,794 2,329 1,802 413 79 74 63 67 74 100 62 63 36 455 12,658 13,100 14,222 13,753 14,305 13,995 13,194 12,723 14,542 13,320 (3,105) (3,697) (4,818) (5,271) (5,673) (5,538) (4,570) (4,104) (3,597) (2,167) (1,460) (1,277) (1,143) (995) (1,040) (1,040) (1,097) (1,158) (1,283) (1,260) (811) (838) (789) (285) (264) (248) (112) (91) (166) (369) (2,127) (2,054) (1,988) (1,982) (1,919) (1,836) (1,793) (1,623) (1,516) (2,025) 5,155 5,234 5,484 5,220 5,409 5,333 5,622 5,747 7,980 7,499 (1,209) (1,140) (1,009) (988) (856) (794) (930) (1,025) (1,218) (1,331) 3,946 4,094 4,475 4,232 4,553 4,539 4,692 4,722 6,762 6,168 821 729 690 288 271 239 118 103 154 307 1 9 4,767 4,823 5,165 4,520 4,824 4,778 4,810 4,825 6,917 6,484 181 84 (249) 389 72 46 (58) (174) (297) (14) 4,948 4,907 4,916 4,909 4,896 4,824 4,752 4,651 6,620 6,470 (821) (729) (690) (288) (271) (239) (118) (103) (154) (307) (1) (9) (5) (5) (10) (1) (1) (1) (1) (1) (1) (13) (1) 4,121 4,172 4,216 4,620 4,624 4,584 4,633 4,548 6,452 6,153 138

12 31 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 49,971 49,482 49,198 49,137 49,345 48,848 47,976 47,523 46,550 46,123 454 580 668 615 216 271 796 456 1,033 1,034 314 352 241 646 433 21 31 29 8 51,459 50,376 50,218 49,993 50,207 49,552 48,793 48,010 46,579 47,164 624 525 572 592 763 780 433 629 375 255 361 357 361 356 351 335 314 301 283 281 1,218 1,155 1,129 1,104 1,183 1,078 1,118 1,035 1,104 1,071 1 820 1,035 569 551 998 336 310 6,155 4,629 1,060 8 24 9 92 11 4 2,513 8,192 6,691 3,113 3,125 3,252 2,443 2,608 2,771 1,947 (335) (900) (520) (503) (5,317) (617) (52) (1,687) (1,405) (4,088) (2,283) (631) (6,263) (5,519) (4,740) (2,081) (2,305) (2,565) (1,577) (1,487) (1,009) (860) (351) (360) (219) (340) (330) (218) (157) (236) (187) (410) (11,037) (9,062) (6,110) (2,924) (7,952) (3,400) (1,786) (1,723) (2,883) (2,675) (8,524) (870) 581 189 (4,827) (148) 657 885 (112) (728) 42,935 49,506 50,799 50,182 45,380 49,404 49,450 48,895 46,467 46,436 (30,700) (37,646) (38,703) (29,574) (21,893) (26,691) (25,727) (24,909) (10,037) (9,796) (73) (168) (63) (10) (132) (15) (14) (7) (2,057) (2,001) (1,937) (1,900) (1,839) (1,801) (1,747) (1,676) (1,634) (1,585) (5,595) (5,698) (5,927) (5,955) (5,912) (5,883) (5,763) (5,622) (5,479) (5,426) (406) (587) (499) (443) (821) (827) (587) (722) (1,267) (423) (38,831) (46,100) (47,129) (37,872) (30,465) (35,212) (33,956) (32,944) (18,431) (17,237) 1 (24) (204) (288) (36) (425) (497) (543) (485) (311) (14) 2 (1) (1) (3) (2) (1) (4) (14) (14) (1) 3 (14) (10) (5) 4,065 3,191 3,377 12,271 14,488 13,694 14,947 15,452 27,711 29,184 2,411 2,411 2,411 2,411 2,411 2,411 2,411 2,411 2,411 2,411 597 921 1,002 1,000 4 6 22 6 1,057 (141) (36) 15 3 (4) 8 (6) (22) (6) 3,229 2,438 3,683 4,196 3,455 4,928 4,065 3,191 3,377 3,426 5,643 4,849 6,102 6,607 5,866 7,339 8,845 8,845 8,845 8,845 8,845 21,845 21,845 4,065 3,191 3,377 12,271 14,488 13,694 14,947 15,452 27,711 29,184 1. 2. 2013 2013 3. 2013 2014 6 2016 139

2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 7,893 8,012 8,015 8,011 8,164 8,081 8,124 8,084 8,082 8,109 2,584 2,541 2,610 2,437 2,541 2,482 2,472 2,495 2,416 2,394 315 326 330 325 331 334 337 342 367 388 10,792 10,879 10,955 10,773 11,036 10,897 10,933 10,921 10,865 10,891 (0.8) (0.7) 1.7 (2.4) 1.3 (0.3) 0.1 0.5 (0.2) 1.1 105.5 102.6 101.8 94.7 94.1 93.1 94.5 94.5 116.9 114.3 27.9 32.3 33.1 40.2 37.0 30.2 25.4 25.4 10.5 5.9 133.4 134.9 134.9 134.9 131.1 123.3 119.9 119.9 127.4 120.2 575 572 570 569 567 567 566 564 563 561 555 555 555 555 555 555 555 555 555 920 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 680 680 680 680 680 680 680 680 680 335 1 2 2 2 2 2 1 1 1 1 1 3,737 3,737 3,737 3,737 3,737 3,736 3,736 3,736 3,736 3,756 2,428 2,427 2,460 2,453 2,494 2,498 2,510 2,537 2,589 2,552 0.0 (1.3) 0.3 (1.6) (0.2) (0.5) (1.1) (2.0) 1.4 (1.7) 56.7 57.3 56.9 56.1 56.6 55.9 55.8 55.4 53.9 54.8 35.9 36.2 36.1 36.3 36.0 36.2 36.2 36.2 35.8 36.4 85.6 85.5 88.4 85.7 84.6 84.4 85.6 83.4 85.5 83.8 24 24 24 24 25 25 25 24 24 23 27 27 27 27 27 27 27 26 26 26 3,848 3,818 3,793 3,776 3,755 3,741 3,710 3,667 3,648 3,632 1,790 1,801 1,814 1,826 1,820 1,848 1,851 1,862 1,841 1,857 2,799 2,516 2,252 1,973 2,613 2,887 2,427 2,751 2,084 1,747 1. 2005 2010 2013 3 140

(HK Electric Investments Manager Limited) (HK Electric Investments Limited) 2017 1 17 Fahad Hamad A H AL-MOHANNADI Deven Arvind KARNIK UFJ www.hkei.hk 44 Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 44 2843 3111 2810 0506 mail@hkei.hk 183 17 1712 1716 www.computershare.com hkinfo@computershare.com.hk Codan Trust Company (Cayman) Limited Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands 183 17 1712 1716 www.computershare.com hkinfo@computershare.com.hk (Level 1 Programme) Deutsche Bank Trust Company Americas 60 Wall Street, New York, NY 10005 www.adr.db.com adr@db.com mail@hkei.hk 2843 3111 2810 0506 915 44 2016 141

19.92 20.12 2016 7 26 2017 3 21 2017 3 31 2017 4 5 2017 4 6 2016 8 19 2017 4 19 2017 5 5 2017 5 10 2017 5 10 2016 12 31 500 565.52 10:1 2638 CUSIP 2638 HK 2638.HK HKVTY 40422B101 142

1 1038 (HK Electric Investments Limited) 2013 9 23 (The Hongkong Electric Company, Limited) 1889 1 24 HKEI HKEI 2016 143

(Power Assets Holdings Limited) 6 (a) (b) (c) (HK Electric Investments) 2014 1 1 (HK Electric Investments Manager Limited) 2013 9 25 144

183 17M www.hkei.hk 44 mail@hkei.hk